Financial advice
Get the advice you need before choosing or switching investment options

ANZ Staff Super offers members the choice of four investment options. You can invest your super or Retirement Section account in one or any combination of the four available options.

Each investment option has different investment objectives, asset allocation and risk and return expectations.

Your choices are:

Aggressive Growth

The majority of assets are invested in shares with small allocations to property and alternative investments.

Balanced Growth

(A MySuper product) Typically around 65% is invested in shares and property and around 18% is invested in alternative assets.

Cautious

Typically around 60% is invested in diversified fixed interest securities and cash.

Cash

100% is invested in short-term money market securities and fixed interest securities with short durations.

Log in to your account, click ‘Investments’ on the dashboard and see the description; objective; standard risk measure; minimum suggested timeframe; asset allocation; and recent investment performance for each investment option.

Super members who do not make an investment choice will be invested in the Balanced Growth option (the default option).

Retirement section members who do not make an investment choice will be invested in the option(s) that most recently applied to your account balance in the Employee Section, Employee Section C, Personal or Partner Section (whichever is applicable).

For more on information on each of ANZ Staff Super’s investment options and what to consider when making an investment choice, read the PDS relevant to your section.

Risk and return

Generally, all investments have the potential to increase or decrease in value, or stay the same. An increase in value generates a positive return while a decrease in value generates a negative return. Generally, the greater an investment’s potential return, the greater the risk associated with that investment.

Each of ANZ Staff Super’s investment options has a different mix of risk and likely return as illustrated below.

You should be comfortable with the level of risk associated with the investment option(s) you choose.

What are the risks associated with investing?All investments, including super and Retirement section accounts, carry a degree of risk. The most common types of risks are listed below.

InflationInflation may exceed the rate of return on your investment.

Individual investment riskIndividual assets can and do fall in value for many reasons, such as changes in its internal operations or management or in its business environment.

Market riskChanges in economic, technological, political or legal conditions and in market sentiment can impact on investment markets and affect investment returns. Market risk is managed by appropriately diversifying the Scheme's investments both within and between asset classes and markets as part of the strategic asset allocation.

Currency riskSome investments are held overseas. If the currencies in which these investments are held change in value relative to the Australian dollar, the value of these investments can change. For international shares, the Trustee's policy is to have a partial currency hedge. This provides some protection against decreases in the value of the foreign currencies in which the shares are held, but also allows some of the benefit of increases in the value of foreign currencies to flow through to investment returns. After taking advice from its professional advisers, the Trustee has adopted the following hedging ranges:
Aggressive Growth 0%-50%
Balanced Growth 25%-75%
Cautious 50%-100%

Within these ranges the Trustee has adopted the following hedging ratios:
Aggressive Growth 30%
Balanced Growth 40%
Cautious 50%

For international fixed interest securities, the Trustee's policy is to have a full currency hedge so that investment returns relate solely to the performance of this asset class.

Derivatives riskRisks associated with derivatives include the value of the derivative failing to move in line with the underlying asset, illiquidity, inability to meet payment obligations as they arise and counterparty risk.
The Trustee does not directly invest in derivatives such as futures and options, but does use foreign exchange forward contracts for hedging. Investment managers may use derivatives in managing portfolios for the Trustee and in managing pooled investment vehicles in which the Trustee invests. Derivatives are used to reduce risk, reduce transaction costs and as an efficient way of gaining exposure to certain asset classes. Limits on the extent of derivative use are specified in the investment management agreements between the Trustee and investment managers.

Scheme riskRisks particular to the Scheme include closure of the Scheme, Trustee changes and investment manager selection.

Changes to super lawSuperannuation law changes often. These changes may affect your investment.

Changes to tax lawTaxation law changes often. These changes may affect your investment.

Liquidity and cash flow riskLiquidity risk is the risk that the Scheme will encounter difficulties in meeting benefits and other financial obligations because it is unable to realise investments in a timely manner.
Liquidity risk is managed by monitoring the Scheme's holdings in illiquid assets. The assets deemed most illiquid are limited to 14% of the total market value of the Scheme's assets. Other assets are held in readily realisable assets which are actively traded on exchanges such as the Australian Stock Exchange.

The Scheme also has limited ability to borrow in the short term to ensure settlement of financial obligations.

Credit riskCredit risk represents the loss that would be recognised if counterparties failed to perform as contracted.
Concentrations of credit risk are minimised by investing in various unlisted unit trusts which in turn hold diversified direct market investments. These unit trusts undertake transactions with a large number of counterparties on recognised and reputable exchanges.

Note that this information is correct as at January 2019. The Scheme's cash holdings are held with ANZ.

Changing investment options

ANZ Staff Super members can select one, or a combination of the following four investment options:

Aggressive Growth

Balanced Growth

Cautious

Cash

You can change your investment selection weekly at no cost to you. This is known as ‘switching’.

You can also choose to place your current account balance in more than one investment option in any proportion you wish.

If you are a super member you can choose to direct future contributions and other cashflow (such as rollovers) to more than one investment option in any proportion you wish.

If you are a Retirement Section member you can choose to have future cashflows (such as income payments) drawn from one or more investment options if you’ve chosen a combination of investment options for your account balance.

While you can change your investment selections weekly, you should think carefully about making any changes based on your reaction to short-term fluctuations in the value of your investment. Super is generally considered to be a long-term investment in which you should take a considered long-term view of investment markets.

Log in to your account, click ‘Investments’ on the dashboard. Press ‘edit’ if you wish to change any of your current investment or future contributions investment options.

As your circumstances change, you may need to review your investment options. But before you make a choice, you should seek financial advice from a licensed financial planner. You can contact an ANZ Staff Super financial adviser on 1800 000 086 who can give limited financial advice over the phone.

Investment performance for super members

The table below shows the investment returns for Employee, Employee Section C, Personal and Partner sections of ANZ Staff Super, and from 1 July 2017, members with Transition to Retirement pensions.

1-January to
31-August-2019

Aggressive
Growth

Balanced
Growth

Cautious

Cash

Year to Date

14.2%

11.6%

7.3%

0.9%

1 year

5.9%

5.6%

5.6%

1.5%

3 years

9.6%

7.8%

5.2%

1.5%

5 years

8.6%

7.1%

5.1%

1.8%

10 years

9.2%

8.7%

6.5%

2.7%

Investment performance for pension members

The table below shows the investment returns for Account Based Pension members of ANZ Staff Super.

1-January to
31-August-2019

Aggressive
Growth

Balanced
Growth

Cautious

Cash

Year to Date

15.9%

13.1%

8.3%

1.1%

1 year

6.6%

6.3%

6.4%

1.7%

3 years

10.3%

8.4%

5.8%

1.8%

5 years

9.2%

7.8%

5.7%

2.1%

10 years

9.6%

9.2%

7.1%

3.1%

Comparison of Investment performance for super members

Period to
30-July-2019

Aggressive
Growth

Balanced
Growth

Cautious

Cash

1 year

1st

2nd

2nd

3rd

3 years

1st

2nd

2nd

3rd

5 years

1st

2nd

2nd

2nd

10 years

1st

1st

1st

2nd

Important Note: Past performance is not necessarily a guide to future performance. This investment returns information has been prepared for the general information of members of the Scheme. It does not take into account any member’s individual financial objectives, financial situation or needs.

We recommend that you seek help from a licensed financial adviser before acting on any of this information. While all due care and diligence has been taken in the preparation of this information, the Trustee reserves the right to correct any errors or omissions.

Unit prices

Your ANZ Staff Super account is recorded as a unit holding in one or more of the underlying investment options.

Each investment option has a unit price. The unit price of a particular investment option is the value of its net assets divided by the number of units on issue. The “value of net assets” is the current market value of assets in an investment option, after deducting current liabilities such as accrued investment tax (where applicable) and investment related expenses.

Unit prices are set weekly or, in certain circumstances, more frequently as determined by the Trustee.

As asset values fluctuate, unit prices will go up and down. The investment return for each investment option is calculated as the percentage change in unit prices for the year, to provide a measure of investment performance.

To check current or historical unit prices of ANZ Staff Super investments go to the account login page. Click either the ‘Unit Prices Super’ or ‘Unit Prices Pension’ button and submit a date to show unit prices for that day. You can also check unit prices when logged into your account by clicking ‘Investments’ on the dashboard, scrolling down to ‘Unit Prices’, and submitting a date to show the relevant unit price.

You can also click on your investment options to see current number of units and the current price.

Financial advice

Get the advice you need before you make an investment choice or switch investment options. You can contact an ANZ Staff Super financial adviser on 1800 000 086 who can give you limited advice on the investment options available and your investment strategy.

ANZ Staff Super has an agreement with ANZ under which ANZ’s financial advisers have been engaged to provide members with general or limited personal financial advice about options within ANZ Staff Super over the phone for no extra charge. If you require more complex personal advice, you’re given the option of receiving comprehensive personal advice from an ANZ financial adviser and ANZ will charge you a fee for this advice.

You have the option to have the fees for ANZ Staff Super-related super advice debited from your account. This facility applies only for fee for service advice provided by an ANZ financial adviser and no commissions will be paid under this facility. To find out more, read the Financial Planning fact sheet.

Financial planning services are provided by ANZ’s financial advisers under ANZ’s Australian Financial Services Licence number AFSL 234527. Any advice provided by ANZ’s financial advisers is not provided or endorsed by the Trustee and is not provided under The Trustee’s AFSL.